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� � <br /> � <br /> (2) If Grantee fails to provide or maintain in full force and <br /> effect the insurance coverage or security fund as required in this Agreement; <br /> (3) If Grantee violates any order or ruling of any <br /> regulatory body having jurisdiction over the Grantee relative to the Grantee's <br /> Franchise, unless such order or ruling is being contested by Grantee in good <br /> faith in an appropriate proceeding; <br /> (4) If Grantee practices any material fraud or deceit upon <br /> Grantor; <br /> (5) If Grantee becomes insolvent, unable or unwilling to <br /> pay its debts, or is adjudged a bankrupt. <br /> (b) After completing the procedures set forth in Section 3.8 <br /> above, the City Manager may make a formal request before the Council that the <br /> Grantee's Franchise be revoked. The Council shall cause to be served on the <br /> Grantee written notice of its intent to consider revoking Grantee's Franchise. <br /> Such notice shall be served on Grantee at least thirty (30) days prior to the date <br /> of the hearing on the issue. The notice shall contain the time and place of the <br /> hearing and shall be published at least once in a newspaper of general <br /> circulation within the Franchise area ten (10) days prior to the hearing date. <br /> (c) The Council shall hear any Person(s) interested in the <br /> revocation and within ninety (90) days after the date of the hearing shall make its <br /> determination whether the Grantee has committed a material breach of the <br /> Franchise. <br /> (d) If the Grantor determines that the Grantee has committed a <br /> material breach, then the Grantor may: <br /> 21 <br /> sh/RWC/Council <br /> AGMT-382 <br /> FXS/fs <br /> 08/02/00 <br />